Iran Crisis May Lead to More European Financial Autonomy: Bruno Le Maire

Sanctions imposed on Iran by the United States offer an opportunity for Europe to develop its own independent financial institutions, France’s Finance Minister Bruno Le Maire said.

“I am convinced that the outcome of that crisis with Iran will be the chance for Europe to have its own independent financial institutions so we can trade with whoever we want,” he said at the Globsec Tatra Summit conference in Slovakia’s Strbske Pleso on Friday.

“It is not up to Washington to decide whether we are allowed to trade with Iran,” he said.